TORONTO, Nov. 6, 2012 /CNW/ - Arbor Memorial Services Inc. (TSX: ABO.A,
ABO.B) ("Arbor") announced today that Glass, Lewis & Co., a leading independent
investment research and proxy advisory firm, serving institutional
investors globally, has published a report recommending that
shareholders vote FOR the special resolution approving the plan of arrangement between Arbor
and 2341599 Ontario Limited, a company sponsored by a group of existing
shareholders of Arbor comprised of Scanfield Holdings Ltd., Fairfax
Financial Holdings Limited and JC Clark Ltd. (or their respective
affiliates).

Glass, Lewis & Co. stated, "In our opinion, the agreement provides
public shareholders with immediate liquidity and certainty of value in
exchange for their shares and the Public Class A and Class B
Shareholders are being treated equally under the agreement. Notably,
the proposed consideration represents a significant long-term equity
premium and a three-year high for investors. Accordingly, we recommend
that shareholders vote FOR this proposal."

The recommendation from Glass, Lewis & Co. is consistent with the
recommendation of ISS Proxy Advisory Services, an independent global
proxy advisory services firm which also recommended that shareholders
vote FOR the proposal. That recommendation was the subject of a press release
from Arbor dated October 18, 2012.

A special meeting of Arbor's shareholders is currently scheduled to be
held at The Old Mill in the Guildhall Room, 21 Old Mill Road, Toronto,
Ontario M8X 1G5 on November 16, 2012 commencing at 10:00 a.m. (Eastern
time) to consider the transaction.

Shareholders are urged to carefully read the information circular dated
October 5, 2012 that was mailed to them in connection with the
transaction. Proxies must be received no later than 10:00 a.m. (Eastern
time) on the day which is two business days preceding the date of the
meeting or any adjournments or postponements thereof. Shareholders who
have questions regarding the contents of the information circular or
require assistance in completing their forms of proxy are urged to
contact The Laurel Hill Advisory Group toll-free at 1-877-452-7184 or
via email at assistance@laurelhill.com.

This news release contains "forward-looking information" within the
meaning of applicable Canadian securities laws, including statements
regarding the completion of the transaction, the holding of a
shareholder meeting and other information that is not historical fact.
Forward-looking information is not a guarantee of future performance,
given that it involves risks and uncertainties. Except as required by
law, Arbor does not assume and expressly renounces any obligation to
update any forward-looking information, which are only applicable on
the date on which they were made. Additionally, Arbor undertakes no
obligation to comment on expectations of, or statements made by, third
parties in respect of the transaction.